Trane Technologies

Product Manager - Smart Services (Remote)

Trane Technologies$127K — $177K *
Energy & Utilities
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree or relevant industry experience; MBA preferred.
  • 5 years of experience in sales, marketing, P&L leadership, or product management.
  • HVAC expertise with an understanding of building systems operation required.
  • Strong written and verbal communication skills essential.
  • Demonstrated ability to lead and influence required.
  • Quantitative and analytical skills highly valued.
  • Proficient as a team player with a focus on employee engagement and commitment.
  • Ability to navigate and communicate effectively in an organization resistant to change.

Responsibilities

  • Manage the balance between short- and long-term product performance metrics.
  • Identify and deliver profitable growth opportunities for service offerings.
  • Conduct regular market and competitor analyses to inform strategy.
  • Ensure pricing and positioning align with overall services strategy.
  • Support New Product Development with clear revenue and margin projections.
  • Collaborte with other product managers to integrate broader strategic initiatives.
  • Define customer needs and quality requirements through research collaboration.
  • Review adjustments to service offerings in response to market feedback and trends.

Benefits

  • Health insurance and wellness programs kick in on DAY ONE.
  • Family building benefits including fertility coverage and adoption assistance.
  • 401K match up to 6% and a core contribution of 2% for a total of 8%.
  • Generous paid time off, including 15 vacation days and multiple holiday options.
  • Educational opportunities and support for tuition assistance and student debt.
Full Job Description
Where is the work:
Virtual

Job Description

Job Summary:

The Product Manager - Smart Services Agreements will be focused on strategic products, projects, and initiatives to support Service Agreement growth and standardization for Trane Commercial HVAC in the Americas. The product manager will be assisting a broader team to meet or exceed Trane's revenue growth targets, maintaining or growing market share and expanding margin in their product categories.

Seeking a high-energy, results driven professional who understands the HVAC service business and is capable of articulating a strategic vision and executing that vision to deliver business results. This person should have excellent communication and executive presence and be seeking a highly visible opportunity to grow and develop toward a senior product leader, a portfolio leader, or other general management roles.

What you will do (Essential Functions):
  • Manage tradeoffs between short- and long-term product performance as measured in revenue, margin, and market share.
  • Actively manage day-to-day needs of services offerings, with particular focus on identifying and delivering profitable growth opportunities.
  • Support regular industry, market and competitor analyses, including detailed segmentations of end consumers and customers.
  • Work with product leader to ensure that the positioning, pricing, cost, margins, and customer value proposition support the overall services strategy.
  • Initiate and support business cases for New Product Development (NPD) activities with clear line of site on incremental revenue, expanded margin, and direct/indirect business impacts and dependencies.
  • Collaborate with other service, controls, digital, and equipment product managers to ensure strategy supports broader system initiatives and ensures smooth integration with the overall strategy for Trane.
  • Collaborate with market research teams to understand customer needs and define the customer "Critical to Quality" requirements (CTQs) and associated systems to support product lines.
  • Review and approve/reject adjustments to offer structure, pricing, policies or service features to better meet customer needs and expectations, based on regular product/service line reviews. Ensure pricing changes to all existing offerings to cover for inflation, market trends, competitor actions, changes to offer structure or features, and/or lifecycle stages.


Qualifications:
  • Bachelor's degree or relevant industry experience required. MBA or equivalent preferred.
  • 5 years of combined experience in sales, marketing, P&L leadership and/or product management roles required.
  • HVAC experience, knowledge of building systems operation, extensive knowledge of field, service, and product required.
  • Excellent written and verbal communication skills required.
  • Demonstrated ability to lead through influence required.
  • Strong quantitative and analytical skills required.
  • Highly effective team player able to develop and sustain an extraordinary level of team commitment, employee engagement and ownership.
  • Exceptional influencing and leadership skills, ideally with demonstrated experience in an environment resistant to change.
  • Strong negotiation and communication skills at all levels of the organization.
  • Deep understanding of service business needs, cycles, and tradeoffs, with ability to craft and articulate a future vision.
  • Desire to be held accountable for business results.
  • Strong remote, virtual working and time management skills as well as potential national travel for in-person meetings, events, and training needs.
  • Ability to travel independently up to 20% of the time required.
  • Knowledge of LEAN practices and ceremonies preferred.


Annual Base Salary Range or Hourly Base Pay Range:
$127,110.00 - $177,870.00
Compensation Type:
Salary
Incentive Eligible:
Yes
Sales Commission Eligible:
No

Disclaimer: We strive to provide competitive compensation for this position, tailored to a variety of factors. The actual compensation will depend on elements such as seniority, merit, geographic location, education, experience, travel requirements, and union designation. Our compensation range is generally based on the national average for the country. Additionally, benefits may vary depending on the region, business alignment, union involvement, and employee status.

Thrive at work and at home:

  • Benefits kick in on DAY ONE for you and your family, including health insurance and holistic wellness programs that include generous incentives - WE DARE TO CARE!
  • Family building benefits include fertility coverage and adoption/surrogacy assistance.
  • 401K match up to 6%, plus an additional 2% core contribution = up to 8% company contribution.
  • Paid time off includes 15 vacation days, 9 paid holidays, 3 floating holidays, sick leave, and additional options to support volunteer and parental leave.
  • Educational and training opportunities through company programs along with tuition assistance and student debt support.


Disclaimer: Benefit offerings may vary depending on Collective Bargaining Agreements and local/state regulations.

Safety Sensitive Role:
No
The company designates certain roles as Safety Sensitive. Safety Sensitive roles may require that you pass additional drug screening.

We offer competitive compensation and comprehensive benefits and programs.

About Trane Technologies

Trane Technologies is a global climate innovator. Through our strategic brands Trane and Thermo King, and our portfolio of environmentally responsible products and services, we bring efficient and sustainable climate solutions to buildings, homes and transportation. Our innovative solutions have helped make buildings and homes comfortable, while more energy efficient and environmentally friendly. We also provide transport temperature control solutions that are used in the food, beverage and pharmaceutical sectors. Trane Technologies is committed to achieving carbon neutrality by 2030 and has been named to the Dow Jones Sustainability World Index for the tenth consecutive year.
Learn more about Trane Technologies
Size
37,000 employees
Market Cap
$39 billion
Industry
Net Income
$854.8 million
5 Year Trend
+0.9%
Revenue
$12.4 billion
NASDAQ

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